Japanese auto sales jump 26% to 3.39M vehicles in 2012, boosted by government subsidies for...

|By:, SA News Editor
Japanese auto sales jump 26% to 3.39M vehicles in 2012, boosted by government subsidies for purchases of fuel-efficient cars. However, the ending of the incentives in September helped sales fall 3.4% Y/Y in December to 214,429. Toyota's (TM) monthly sales -3.4%, although the Lexus was +32%, Honda (HMC) -39% amid a lack of new models, and Nissan (NSANF.PK) -8.9%.